Please call for more information: 800-516-0015
Selling 100% Membership Interest in North East Somerset LLC
AUCTION: Wednesday, February 15, 2017
NOTICE OF SECURED PARTY’S PUBLIC SALE OF COLLATERAL UNDER UNIFORM COMMERCIAL CODE
PLEASE TAKE NOTICE that on Wednesday, February 15, 2017, at 10:00 A.M. local time, Somerset NJ, LLC (“Secured Party”), will offer for sale at a public auction, and sell to the highest “qualified bidder”, at the office of Cole Schotz P.C., Court Plaza North, 25 Main Street, Hackensack, New Jersey 07601, under Sections 9-610 and 9-611 of the Uniform Commercial Code as enacted in the State of New Jersey, all of Secured Party’s right, title, and interest as a secured creditor of North East Somerset LLC, a New Jersey limited liability company (“Debtor”), in 100% of the membership interests in the Debtor, which was pledged to Secured Party. Secured Party is informed and believes that the principal asset of Debtor is certain real property and the improvements located at 399 Campus Drive, Somerset, New Jersey. This sale will be held to enforce the rights of Secured Party under (i) that certain Promissory Note dated as of September 29, 2014, and (ii) that certain Pledge and Security Agreement dated as of September 29, 2014, each executed by Debtor in favor of Secured Party. The sale will be FINAL and on an “AS-IS, WHERE IS” basis and will be made WITHOUT REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO TITLE, QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, POSSESSION, QUIET ENJOYMENT, OR ANY OTHER MATTER. Secured Party reserves the right to establish other reasonable bidding procedures and to require potential bidders to reasonably demonstrate their ability to perform and close on the acquisition of the Collateral to the satisfaction of Secured Party. Secured Party reserves the right to credit bid at the auction. Secured Party also reserves the right to adjourn continue, or cancel the auction without further notice. Any parties interested in further information about the Collateral, becoming a “qualified bidder”, and/or the terms of the sale should contact Jonathan Cuticelli of Sheldon Good & Company at (800) 516-0015 or firstname.lastname@example.org. Qualified bidders may obtain a confidentiality agreement by visiting http://www.SheldonGood.com. Any prospective bidder must satisfy the requirements to be a “qualified bidder” by no later than 9:00 A.M. local time, on Wednesday, February 15th, 2017. The sale will be conducted by Jonathan Cuticelli, Sheldon Good & Company.